Peapack-Gladstone Financial Corporation (PGC) Stock

Peapack-Gladstone Financial Corporation (PGC) is a Financials stock trading at $45.47 (as of 2026-09-02), with a market capitalization of $806.09M and a trailing P/E of 15.5. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Peapack-Gladstone Financial Corporation operates as the bank holding company for Peapack-Gladstone Bank that provides private banking and wealth management services in the United States. The company operates in two segments, Banking and Peapack Private. It offers checking and savings accounts, money market and interest-bearing checking accounts, certificates of deposit, and individual retirement accounts. The company also provides working capital lines of credit, term loans for fixed asset acquisitions, commercial mortgages, multi-family mortgages, and other forms of asset-based financing services; and residential mortgages, home equity lines of credit, and other second mortgage loans. In addition, it offers corporate and industrial (C&I) and equipment finance, commercial real estate, multifamily, residential, and consumer lending activities; treasury management services; C&I advisory services; escrow management; deposit generation; asset and investment management services; personal trust services, including services as executor, trustee, administrator, custodian, and guardian; and other financial planning, tax preparation, and advisory services. Further, the company provides telephone and Internet banking, merchant credit card, and customer support sales services. Its private banking clients include businesses, non-profits, and consumers; and wealth management clients comprise individuals, families, foundations, endowments, trusts, and estates. The company operates its private banking locations in Bedminster, Morristown, Princeton, and Teaneck, New Jersey; and wealth management branches in Somerset, Morris, Hunterdon, and Union counties, as well as operates automated teller machines at 20 locations. Peapack-Gladstone Financial Corporation was founded in 1921 and is headquartered in Bedminster, New Jersey.

Understand Peapack-Gladstone Financial Corporation: how it makes money

Peapack-Gladstone provides private banking and commercial lending to affluent individuals and small businesses, earning income from the spread between loan rates and deposit costs plus wealth management fees. The franchise pairs sticky relationship deposits with a private wealth arm, so earnings depend on credit quality and how cheaply the bank can fund its loan book.

Profit is the gap between commercial loan yields and the cost of relationship deposits, with wealth-management fees on client balance sheets providing a fee cushion that is less sensitive to rate cycles; deposit composition is the single most important variable for net interest margin.

Business quality (Solid): Solid. A focused private-bank model with 26% operating margin, 23% revenue growth, and a 7% ROE signals a well-run niche franchise, but the small size and local concentration limit scalability.

Valuation: At 15× earnings, PGC trades 20% above the Banking average (13×).

Bull case

  • Operating Leverage Still Compounding: Management noted revenue growth is outpacing expenses, producing continued positive operating leverage. Quarterly revenue reached $100M, up 23% YoY, with operating margin at 26%, so each incremental dollar of revenue drops a larger share to the bottom line.
  • Deposit Mix Shifting Lower Cost: Non-interest-bearing deposits and new account openings are supporting funding-cost improvement, which directly widens net interest margin without requiring higher loan yields, a structural advantage in a competitive local market.
  • Visible Loan Pipeline Ahead: Management highlighted strong loan pipelines with visibility into the second and third quarters, suggesting the 23% revenue growth rate is not a one-quarter spike but reflects a sustained origination book.

Bear case

  • Sponsor Credit Concentration: A single sponsor group accounts for multiple loans now sitting in special mention and delinquency categories. If that group's businesses deteriorate further, recoveries could be slow and capital erosion concentrated rather than spread across the book.
  • Aggressive Pricing Capping Yields: Management said competitive pricing has become aggressive enough that they are walking away from loan opportunities. That deliberately slows loan growth and signals that NIM expansion will be harder to sustain in their local market.
  • Stagflation Overhang on Spreads: Management is preparing for a more challenging macroeconomic backdrop, including stagflation risk, which could compress loan demand while simultaneously pushing deposit costs higher, squeezing the margin that the 26% operating margin depends on.
Valuation — source: SEC EDGAR (first-party)
Price$45.47
Market Cap$806.09M
P/E Ratio15.5
EV / EBITDA8.2
Price / Book1.13
Price / Sales2.54
FCF Yield3.6%
DCF Value (model)$24.90
DCF Upside vs Price-45.2%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$283.00M
Net Margin13.2%
Revenue Growth (YoY)23.4%
EPS Growth (YoY)97.8%
FCF Growth (YoY)389.0%
Valuation vs Sector & Industry
Stock P/E15.5
Sector P/E (Financials)14.9
Industry P/E (Banking)12.7
vs Sector4.1%
vs Industry22.3%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderBlackRock, Inc. ($51.81M)
Institutional Holders Tracked10
Company
SectorFinancials
IndustryBanking
CEODouglas L. Kennedy
Employees620
CountryUS
IPO Date1999-04-27

Peapack-Gladstone Financial Corporation earnings call transcripts

  • PGC Q1 FY26 earnings call transcript (reported 2026-04-22) · analysis

All PGC earnings calls

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PGC earnings history · PGC institutional & insider holders · PGC KPIs & operating metrics · PGC financials · PGC investor presentations & press releases · PGC SEC filings · PGC peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-09-02.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.